Business news from Ukraine

Business news from Ukraine

Ukraine to impose VAT on international parcels: online shopping market is set for transformation

Ukraine plans to introduce taxation on international mail shipments, which effectively marks the end of the era of “cheap packages” from foreign online stores. These changes are part of a new legislative approach to taxing cross-border e-commerce.

This involves the introduction of value-added tax (VAT) on goods ordered by Ukrainian consumers from abroad. Currently, there is a duty-free import threshold of EUR150; however, the new model envisages a gradual transition to taxing virtually all parcels, regardless of their value.

The main goal of the changes is to level the playing field between Ukrainian and foreign online sellers, as well as to increase tax revenues for the budget. Under the current system, foreign marketplaces and sellers often do not pay VAT when selling goods to Ukrainian consumers, which creates a price advantage over local businesses.

The new model is expected to be implemented based on a principle similar to the European Union’s practice, where VAT is levied at the time of purchase, and the obligation to pay it may be imposed on sellers or e-commerce platforms. This means that platforms such as international marketplaces will have to register as taxpayers in Ukraine or operate through intermediaries.

Experts note that the introduction of VAT on parcels will lead to higher prices for end consumers, particularly in the segment of inexpensive goods, which are currently ordered en masse from foreign platforms. At the same time, the government expects increased market transparency and higher budget revenues.

Simultaneously, the changes may stimulate the development of domestic e-commerce and local manufacturers, who will benefit from a more level playing field. However, some consumers may reduce their order volumes or switch to alternative purchasing channels.

Changes are also expected in the logistics sector: postal delivery operators will be involved in tax administration, including possible verification of the value of goods and interaction with customs authorities.

Thus, the cross-border e-commerce market in Ukraine is entering a phase of structural change. In the short term, this will lead to higher prices for imported goods for consumers, and in the long term, it may shift the balance between foreign and local online sellers.

Source: https://expertsclub.eu/ukrayina-zaprovadzhuye-pdv-na-zakordonni-posylky-rynok-onlajn-pokupok-chekaye-na-transformacziyu/

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Hungary to place its section of TurkStream under military protection after incident in Serbia

Hungary has decided to strengthen security around its section of the TurkStream gas pipeline and place it under military control following an incident on Serbian territory, according to the Telegram channel “Serbian Economist”.

According to the report, the decision was made after an emergency meeting of the defence council convened by Hungarian Prime Minister Viktor Orbán. Hungarian Foreign Minister Péter Szijjártó said the military would guard the entire Hungarian section of the pipeline — from the border with Serbia to the border with Slovakia.

The move followed an incident in Serbia, where, according to Serbian and Hungarian authorities, powerful explosive devices were found near gas infrastructure through which Russian gas is delivered to Hungary and further into the region.

At the same time, the episode has already triggered political debate. Some publications and commentary in the region question the official version of events and suggest the story may have a political dimension, particularly against the backdrop of the election campaign in Hungary.

Ukraine, for its part, has officially rejected any attempts to link it to the incident in Serbia.

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National Depository of Ukraine has extended competition for position of CEO until April 22

The Supervisory Board of PJSC “National Depository of Ukraine” (NDU, Kyiv) announced the extension of the deadline for accepting applications from candidates intending to participate in the competitive selection process for the position of NDU Board Chair until April 22 inclusive.

“To attract a wider range of candidates and ensure the selection process is as transparent and competitive as possible,” the announcement on the NDU website states.

According to the announcement, the selection process will take place in two stages: in the first stage, all interested parties submit their applications to participate in the competition, and in the second stage, interviews will be held with the selected candidates.

Afterward, the supervisory board will submit recommendations regarding the candidate for the position of CEO for consideration at the general meeting of NDU shareholders, who have the authority to make this decision.

It is noted that candidates, among other things, must have at least five years of experience as a manager in capital markets and/or organized commodity markets and be thoroughly familiar with “the issues and trends in the development of Ukraine’s capital market, particularly the stock market infrastructure, legislation governing professional activities, as well as experience working in foreign capital markets.” During the interview, they will be required to briefly present their vision for the depository’s strategic development in the medium term.

As reported, from June 2021 until the end of December 2025, Alexey Yudin served as the head of the NDU’s board, and currently, until the conclusion of the competition, Marina Adamovskaya holds that position; she has served as deputy head of the board since June 2019.

In early September 2025, the National Bank announced the launch of a memorandum of cooperation in support of an integrated capital market infrastructure, signed in Rome in July of this year with the European Bank for Reconstruction and Development (EBRD) with the participation of the Ministry of Economy, the Ministry of Finance, the National Bank, and the National Securities and Stock Market Commission (NSSMC). The first stage involved optimizing the ownership structure and corporate governance of the NDU by transferring the state’s stake to the NBU for management.

Next, plans call for the creation of a holding company involving a reputable international strategic investor (an operator of trading and post-trading infrastructures) selected through an open tender, international financial organizations, local market participants, and the state/state-owned banks.
This holding company, in turn, will establish a new stock exchange in Ukraine, which will replace the National Bank as the majority owner of the central clearing institution—the Settlement Center. Additionally, this exchange will hold a minority stake in the NDU, while the National Bank will hold the majority stake.

The final stage should be the consolidation of depository services under the NDU, which is to function as a single central securities depository, by transferring to it the functions of accounting for and servicing government bonds from the National Bank.

In addition to managing the state’s 25% stake in the NDU, as of September 24 of this year, the National Bank directly owned 25%, with another 10.9399% belonging to its Corporate Pension Fund, while the state-owned Oschadbank and Ukreximbank held 24.9903% and 9.9903%, respectively. At the same time, the National Securities and Stock Market Commission (NSSMC) appoints the trustee for the shares of Oschadbank, Ukreximbank, and the NBU’s Corporate Pension Fund, but this provision of the law on the depository system is expected to be amended as part of the infrastructure reform.

Another 4.0795% of the shares were owned by 27 legal entities and 2 individuals; specifically, Yelena Nusinova held 1.7054% of the shares, and Odessa Privatization Center LLC, owned by former NSSMC member Viktor Ivchenko, held 1.7151%.

 

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“Forests of Ukraine” to Resume Construction of 25 Roads in April

The state-owned enterprise “Forests of Ukraine” will resume work on 25 projects involving the construction of forest roads with a total length of nearly 90 km in April, the company’s press service announced on Facebook. According to the report, construction of the projects began in the fall of 2025 in the Carpathian, Northern, Podillia, Polissia, and Kyiv branches. Work was suspended for the winter, but contractors are now resuming the projects.

“During the construction of forest roads, temporary storage sites are being established for the storage, sorting, and shipment of forest products. Road signs and signal posts are being installed. Economic and social factors are being taken into account during implementation, and fire safety measures are being ensured,” stated “Forests of Ukraine.”

According to the state-owned enterprise, a new road in the Nadvirna Forest District, over 2 km long, will provide access to forest stands with a timber stock of 22,700 cubic meters. In the Korosten Forest District, the completion of a 3-kilometer road will shorten the route for logging trucks by 10 km. It is expected that thanks to logistics optimization, the cost per cubic meter of timber in this area will decrease by approximately 20%.

“Forests of Ukraine” clarified that construction in the Putyl Forest District will shorten the route for residents of mountain settlements to the district center by 10 km. In addition, major repairs to the road in the Mekshuniv Forest District (Chernihiv Oblast) will ensure that firefighting equipment can reach a body of water, which will be equipped with a pier for rapid water intake.

Overall, the state-owned enterprise plans to build 60 forest roads with a total length of over 200 km by 2026.

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Ukrainian Defense Industry JSC has announced tender for voluntary medical insurance with budget of 3.9 million UAH

On April 2, Ukrainian Defense Industry JSC announced a tender for voluntary medical insurance services for employees.
According to a notice on the Prozorro e-procurement system, the estimated cost of the services is 3.9 million UAH.
The deadline for submitting bids is April 13.

Housing prices in Italy rose in 80% of cities, with average price reaching €1,891 per square meter

Prices for existing housing in Italy rose by 1.5% in the first quarter of 2026 compared to the previous quarter, with the average asking price reaching €1,891 per square meter. This is according to a report by the analytical division of idealista.

According to the source, price increases were recorded in 80% of the country’s administrative centers. The most notable quarterly increases occurred in Belluno (8.7%), Cremona (6.9%), and Lecco (6.4%). Among major cities, Bari, Cagliari, Rome, Bologna, Catania, and Florence showed positive trends, while Naples saw a slight decline of 0.4%.

Milan remains Italy’s most expensive city, as before, with a price of €5,192 per square meter. It is followed by Venice—€4,897 per square meter, Bolzano—€4,869, Florence—€4,602, and Bologna—€3,717. Rome ranks sixth at €3,369 per square meter. The most affordable cities were Caltanissetta—€653 per square meter, Ragusa—€730, and Biella—€752.

At the regional level, price growth has spread across nearly the entire country. A quarterly decline was recorded only in Molise and Basilicata, while the strongest growth was seen in Valle d’Aosta—4%, Veneto—3%, as well as Liguria and Tuscany—2.2% each. Trentino-Alto Adige remains the most expensive region at €3,266 per square meter, while Molise is the least expensive at €911 per square meter.

The market maintains positive momentum across most of Italy, though macroeconomic factors—including interest rates and inflation—may influence it in the coming months. The idealista index itself is based on asking prices published in listings, not on the actual prices of completed transactions. The methodology also excludes auction properties and atypical listings, and the median price is used as the benchmark.

 

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